Samata Nagari Cooperative Credit Institution is the entire state of Maharashtra and the work of small businessmen, traders and industry groups in Pune and Satara districts as well as the grassroots people in rural areas should be done and loans should be made available to the needy youth for business purposes. The institution was established on. Today, Credit Institution is running in an ideal way and the institution is continuously providing loans for the development of the employees of the industrial group, small and big businessmen, farmers, and common people doing business on handcarts. Also, the money of the depositors is given immediately now of demand. That is the tradition of trust in the area. Cultivating credit institutions are known as “Equity Credit Institutions”.
The Board of Directors is getting guidance and support from time to time in the management of the organization. Mr. Dilip (Dada) Prabhakar Farande, Nimbut, Taluka- Baramati is the founder president of the organization and Mr. Uttam Kisanrao Agwane, Nira, Taluka- Purandar is the Vice President. Mr. Yuvraj Narayan Farande is the chief manager and secretary of the organization and Mr. Rahul Kundlik Dhole is the manager of the organization. Also, the management board of the organization consists of 13 members including expert directors and a total of 60 employees and daily savings representatives. 53 are working today.
The field of activity of the organization is the entire state of Maharashtra and the organization has made substantial and strong progress at all levels by making successful progress and is making progress. As on 31 March 2023, the total membership of the organization is 17916. Also, the paid-up share capital is Rs.3.75 crore. The total fund of the organization during the reporting year is 36 crore and working capital is Rs.240 crore. Since its inception, the organization has been consistently receiving audit class ‘A’ based on quality, which is a matter of pride and dividends are being paid to the members every year. The total deposits of the institution are more than Rs.200 crores and the institution has disbursed loans of more than Rs.136 crores.
All transactions of the organization are computerized, and the organization is providing facilities such as gold collateral loan, personal loan, immovable property mortgage loan, vehicle mortgage loan, old vehicle loan, fixed deposit mortgage loan etc. at low interest rates. Due to this, the needy people in the area are getting financial support. The members will always remain committed to providing courteous and prompt service to the customers and will continue to provide the same service in the future.
All the operations of the organization are being done through the Computer Core Banking Solution (CBS) system as per the guidelines of the Department of Cooperatives. To promote digital payments and cashless transactions for the future for a strong cooperative movement, the organization has introduced Pigmy Collection, NEFT/RTGS services and keeping the common man in mind, the organization has provided Mobile Banking facilities to the customers. Granted, the organization will remain committed to provide up-to-date digital facilities to MPs.
The organization is following the guidelines of the Maharashtra State Co-operative Act and “Model Bye-laws”. Also, the honourable members, accountants, well-wishers and existing board of directors, skilled duty-ready staff, and daily savings representatives, guide the organization from time to time in the progress and ongoing progress of the organization. The auditors, legal advisors, and many officers of the Co-operative Department who provide proper and accurate guidance are getting their contribution.
Samata Nagari Sahakari Patsanstha Maryadit Nira, Taluka-Purandar, District- Pune
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